But we're vigilant about the sovereign debt negotiations and their potential impact and we believe we're prepared to address any situation that might develop. In a situation like the one in Europe right now, our company is able to represent something special. And that's that our dealers and customers understand we're invested for the long term in that we have a sound financial position. And most importantly, we're continuing to focus on delivering outstanding service to our global customers.
And in that vein, our commitment to Asia continues to pay off. Now this segment performed very well again this quarter. I can't tell you how proud I am of the leadership team there because they've made substantial progress and they're building a great foundation for our future in Asia. I met with a team in India last month to assess progress in the region and work on our strategy and expansion of our capabilities. The region remains rich in opportunities and we're seeing tremendous potential from our global value proposition. And building on our original investment in these markets, we're beginning to see important new initiatives, including localizing our supply chain in India with an in-country manufacturing location and strengthening our dealer distribution in Tier 1 and Tier 2 cities in China.